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By Ben Traynor |
August 6, 2012
Both the spot gold and spot silver price posted gains in Monday morning's London trading, with the gold price hitting $1,610 an ounce – a few dollars up on where it ended last week – as stocks and the euro also rallied.
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By Adrian Ash |
August 2, 2012
Wholesale prices for gold investment bars struggled just above $1,600 per ounce in London on Thursday, after dipping below that level for the first time in a week as the US Federal Reserve left monetary policy unchanged yesterday.
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By Ben Traynor |
August 1, 2012
US dollar gold prices traded around $1,615 an ounce during Wednesday morning's London session while European stock markets were also broadly flat and US Treasuries dipped, ahead of the Federal Reserve's latest monetary policy announcement later today.
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By Jon Nadler |
July 2, 2012
Friday’s EU news lifted gold prices in a hurry but it appears that the $1,600 resistance level proved to be…resistant to further assaults for the time being. The yellow metal started the abbreviated trading week in profit-raking mode as did the rest of the precious metals’ complex.
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By Jon Nadler |
June 27, 2012
This morning’s opening action in metals brought fresh selling in the complex with platinum and palladium getting hit especially hard. The former was down $21 at $1,402 and the latter fell $18 to $576 –just $13 above its one-year low. Gold spot declined $10 to $1,562.
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By Ben Traynor |
June 27, 2012
US dollar gold prices dropped as low as $1,565 an ounce during Wednesday morning's London trade – 1.4% down on this week's high – before recovering some ground by lunchtime, while stock markets posted slight gains.
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By Ben Traynor |
June 25, 2012
Wholesale market gold bullion prices dropped below $1,570 an ounce during Monday morning's London session, though they remain broadly in line with where they ended last week, with markets focused on this week's European leaders' summit.
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By Eric Sprott, David Baker |
June 25, 2012
We note the contrast between the reporting companies who by law cannot lie about their fiscal realities, versus central planners who admit that they must lie to preserve calm and control. We'll leave it to you to decide whose version of the truth you want to believe.
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By Ben Traynor |
June 22, 2012
Wholesale market gold prices traded as low as $1,560 an ounce Friday morning, before recovering some ground by lunchtime in London, while European stock markets were also down and commodities were broadly flat. Silver prices meantime sank to a 2012 low at $26.64 an ounce.
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By Adrian Ash |
June 21, 2012
The wholesale market gold price fell further Thursday in London, falling hard to eight-session lows at $1,587 per ounce following last night's "no change" decision from the Federal Reserve on new US quantitative easing.